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124 following a public hearing thereon. The HRA has furnished to this Council a copy of the 2000-1 Amendment and of the Financing Plan and the written opinion of the City Planning Commission as to the 2000-1 Amendment and Financing Plan, and this Council on July 25,2000, held a public hearing on the same after notice of the public hearing was published in the official newspaper of the City, not less than 10 days prior to the date of the hearing., All.persons desiring to be.heard.were heard. 2. The 2000-1 Amendment, Financing Plan and establishment of the District are hereby approved. 3. This Council finds that the District is a redevelopment district within the scope of Minnesota Statutes, Section 469.174, subdivision 10, on the basis that there is reasonably distributed throughout the District the following conditions: (i) parcels consisting of 70% of the area in the District are occupied by buildings, streets, utilities or other improvements and (ii) more than 50% of the buildings (not including outbuildings) are structurally substandard to a degree requiring substantial renovation or clearance. In making this determination the City Council has reviewed and is relying on the report of Tom Goodoien, Consulting, included in the 2000-1 Amendment and Financing Plan, and information otherwise available to the City. 4. Based upon the reasons and supporting facts set forth in the Redevelopment Plan and Financing Plan, pursuant to Minnesota Statutes, Section 469.028, it is hereby found that: • (A)The land located within the project area subject to the Redevelopment Plan would not be made available for redevelopment without financial aid sought; (B)The Redevelopment Plan for the area within the City included therein will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment of such areas by private enterprise; and (C)The Redevelopment Plan conforms to the general plan for the development of the City as a whole. 5. Based upon the reasons and supporting facts set forth in the Redevelopment Plan and Financing Plan, pursuant to Minnesota Statutes, Section 469.175, subdivision 3, it is hereby found that: (A) For reasons stated in Section 3 of this Resolution, the District is a Redevelopment District as defined in Minnesota Statutes, Section 469.174, subdivision 10. (B)The proposed redevelopment to be undertaken in accordance with the Redevelopment Plan in the opinion of this Council would not occur solely through is -2-